LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 2, 1997
TO: Honorable Kim Brimer, Chair IN RE: House Bill No. 1521
Committee on Business & Industry By: Raymond
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB1521 ( Relating
to notice by the comptroller concerning certain unclaimed property.)
this office has detemined the following:
Biennial Net Impact to General Revenue Funds by HB1521-As Introduced
Implementing the provisions of the bill would result in a net
positive impact of $250,000 to General Revenue Related Funds
through the biennium ending August 31, 1999.
The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
Fiscal Analysis
The bill amends Section 74.202, Property Code, to increase the
threshold to $100 from $50 for publicizing unclaimed property
in a newspaper of general circulation. The bill would implement
the Texas Performance Review (TPR) recommendation CG 21 in Disturbing
the Peace: The Challenge of Change in Texas Government.
Methodolgy
The Comptroller would no longer be required to publish in a
newspaper unclaimed property in amounts less than $100 but more
than $50. The estimated savings from this bill are based on
a reduction in printing costs. To achieve these savings, the
appropriations to the Comptroller's Office would have to be
reduced accordingly.
The probable fiscal implications of implementing the provisions
of the bill during each of the first five years following passage
is estimated as follows:
Five Year Impact:
Fiscal Year Probable
Savings/(Cost)
from General
Revenue Fund
0001
1998 $125,000
1998 125,000
2000 125,000
2001 125,000
2002 125,000
Net Impact on General Revenue Related Funds:
The probable fiscal implication to General Revenue related funds
during each of the first five years is estimated as follows:
Fiscal Year Probable Net Postive/(Negative)
General Revenue Related Funds
Funds
1998 $125,000
1999 125,000
2000 125,000
2001 125,000
2002 125,000
Similar annual fiscal implications would continue as long as
the provisions of the bill are in effect.
No fiscal implication to units of local government is anticipated.
Source: Agencies: 304 Comptroller of Public Accounts
LBB Staff: JK ,TH